Our Bonds option invests in a portfolio of Australian and international fixed income assets such as government and corporate bonds. The option is passively managed, meaning it will closely match the benchmark, and its international investments are usually fully hedged so are protected against the impact of currency fluctuations.
May suit members who:
Understanding passive management
Passive managers, also known as index managers, choose investments to form a portfolio that closely tracks a market benchmark (or index). Passive managers usually charge lower fees because they don’t need extensive resources to select investments.
Investment objective
To track the returns of a weighted index: 50% to the Bloomberg AusBond Composite 0+ Yr Index and 50% to the Bloomberg Global Aggregate Index (AUD hedged), before fees, costs and tax.
Timeframe
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
2 to less than 3 times
Short-term risk:
4 - Medium
Long-term risk:
7 - Very High
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
you could be exposing your super to greater risk.
Below are the option’s asset allocation targets and ranges, effective 30 September 2025.
Scroll table horizontally on mobile
| Bonds | Target | Range |
|---|---|---|
| Australian fixed income | 50% | 0 - 100% |
| International fixed income | 50% | 0 - 100% |
| Cash | 0% | 0 - 5% |
Investment objective
To track the returns of a weighted index: 50% to the Bloomberg AusBond Composite 0+ Yr Index and 50% to the Bloomberg Global Aggregate Index (AUD hedged), before fees, costs and tax.
Timeframe
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
2 to less than 3 times
Short-term risk:
4 - Medium
Long-term risk:
7 - Very High
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
you could be exposing your super to greater risk.
Below are the option’s asset allocation targets and ranges, effective 30 September 2025.
Scroll table horizontally on mobile
| Bonds | Target | Range |
|---|---|---|
| Australian fixed income | 50% | 0 - 100% |
| International fixed income | 50% | 0 - 100% |
| Cash | 0% | 0 - 5% |
Investment objective
To track the returns of a weighted index: 50% to the Bloomberg AusBond Composite 0+ Yr Index and 50% to the Bloomberg Global Aggregate Index (AUD hedged), before fees, costs and tax.
Timeframe
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
2 to less than 3 times
Short-term risk:
4 - Medium
Long-term risk:
7 - Very High
* As the Aware Super Term Allocated Pension (TAP) invests in the same way as Aware Super Retirement Income, this information also applies to members in the TAP.
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
you could be exposing your super to greater risk.
Below are the option’s asset allocation targets and ranges, effective 30 September 2025.
Scroll table horizontally on mobile
| Bonds | Target | Range |
|---|---|---|
| Australian fixed income | 50% | 0 - 100% |
| International fixed income | 50% | 0 - 100% |
| Cash | 0% | 0 - 5% |
You can choose to invest in one option or a combination of options. And you can switch your investment options at any time for free.
We’re here to help you achieve your financial goals. We can provide simple financial advice, over the phone, to answer any questions.
You can speak to a qualified financial planner who can help you make investment choices that meet your financial goals.
